The TJX Companies, Inc. reported sales for the five-week period ended April 5, 2003, were $1,109 million, up 5% over $1,059 million achieved during the five-week period ended April 6, 2002. Consolidated comparable store sales for the five-week period ended April 5, 2003, decreased 2% against last year’s very strong 10% increase.
For the nine weeks ended April 5, 2003, sales reached $1,885 million, a 4% increase over last year’s $1,811 million. For the nine-week, year-to-date period, consolidated comparable store sales were down 3% against a 9% increase last year.
Edmond English, President and Chief Executive Officer of The TJX Companies, Inc., commented, “As we anticipated, March sales were negatively impacted by the calendar shift of the Easter shopping season into April. Our comparable store sales decrease of 2%, against a very strong 10% comp sales increase in March last year, was slightly below our expectations. We have been taking advantage of the abundance of great buys available to us in the marketplace, which positions us extremely well for the upcoming Easter selling season.”